Beginning Jan. 2022, every investment adviser representative (IAR) registered in a jurisdiction that adopts the model rule will be subject to its continuing education (CE) requirements. The mandatory CE program will apply to all registered IARs of both state-registered and federal covered investment advisers. IARs will need to attain 12 CE credits each year to maintain their IAR registration. The 12 credits must include six credits of Products and Practices and six credits of Ethics and Professional Responsibility.
See the page below for information about the model rule as well as links to relevant resources for IAR CE participants. More information will be published as it becomes available.
The North American Securities Administrators Association (NASAA) announced on Nov. 30, 2020, that its membership voted to adopt a model rule to set parameters by which NASAA members could implement CE programs for IARs in their jurisdictions. The model rule has a products and practices component and an ethics component and is intended to be compatible with other CE programs.
See the NASAA Model Rule on Investment Adviser Representative Continuing Education for complete details.
The model rule represents the culmination of years of work by state securities regulators and industry to develop a relevant and responsive CE program. This successful collaboration will help promote heightened regulatory compliance while also helping IARs better serve their clients by remaining knowledgeable of current regulatory requirements and best practices.
- IAR CE Webcast: This webinar includes a presentation about the IAR CE program and supporting system functionality.
- IAR CE Member Adoption: View NASAA’s list of jurisdictions that are planning to implement an IAR CE requirement for 2022.
- Approved IAR CE Providers: View NASAA’s list of approved IAR CE providers.
- IAR CE FAQ: Get answers to frequently asked questions, covering topics such as credit hours and reporting, course content, IARs registered in multiple jurisdictions, dual registrants, professional designations, failure to complete and other general topics.